The institute provides the firm’s portfolio managers with insights on sovereign risk and the macro investment outlook.

“I’m excited to be able to bring my experience and ideas to BlackRock as it executes on its mission of delivering exceptional investment performance and deep capital market insights to its clients,” Boivin said in the statement.

Boivin was not immediately available for comment.

BlackRock reported an 11 percent jump in second-quarter profit last month, boosted by strong markets that helped drive flows into its funds across asset classes and regions.

The firm, which has $4.6 trillion in assets under management, has a history of employing former government and central bank officials.

Vice Chairman Ken Wilson served as an adviser to the U.S. Department of Treasury during the height of the financial crisis. In May of this year the firm hired White House economic adviser Sarah Bianchi.

Former Swiss central bank chairman Philipp Hildebrand joined the firm’s London office in 2012.

Among those who have worked for the London-based institute are Peter Fisher, a former senior official at the U.S. Treasury and the U.S. Federal Reserve.

Additional reporting by Euan Rocha in Toronto; Editing by James Dalgleish and Peter Galloway